THE BOARD OF DIRECTORS

Chairman:  Dr. Marc Faber, 61,
is Executive Director of Marc Faber Limited, an investment advisor and fund manager for private clients.  He is the author of the widely read newsletter Gloom, Boom and Doom Report, which highlights unusual investment opportunities around the world, and the book Tomorrow’s Gold – Asia’s Age of Discovery, a Best-Seller in 2002.  Well-known for his contrarian investment approach, Dr. Faber is a popular speaker at investment conferences and in media panels, and serves as a director of a number of international investment funds.

Non-Executive Director:  Mr. Heinrich Looser, 60,
retired as Director and Chief of Private Banking at Bank Julius Baer in Zurich and Deputy Chairman of the Management of Bank Julius Baer.   He was also President of Julius Baer Swiss Capital Market Research Ltd., President of Bank Julius Baer (Guernsey) Ltd., President of Julius Baer Investment Advisors (Hong Kong) Ltd., and President of the Swiss Association of Financial Analysis, among several other functions in international banking and investment management.

Non-Executive Director: Dr. Jim Walker, 50,
is Founder and Managing Director of Asianomics Limited, a newly-launched independent economics research consultancy.  He was formerly the Director and Chief Economist of CLSA Asia-Pacific Markets from 1991 to 2007, where he gained a global reputation for publishing highly original and insightful analysis of Asian economies.  Dr. Walker was voted by institutional investors as “Asia’s Best Economist” for an unprecedented 11 consecutive years in Asiamoney’s stockbroker polls (1993 to 2004).

Independent Director: Rolf Jud, 42,
has 22 years experience in private banking and portfolio management at several international institutions in Switzerland. Since 2002 he has been Managing Director of Jud & Partner Vermögensverwaltung AG (JPV) which offers investment advisory and asset management services to institutional clients and high net worth individuals. In addition, JPV develops financial structured products and theme investment certificates for institutional investors and professional asset managers, with a specialization in Emerging Markets and Commodities.

Independent Director: Mr. Richard H. Leonard, 77,
is Chairman of Biscayne Resources and Managing Director of Oxiana Energy, two oil companies operating in frontier markets such as Columbia, Peru, and Afghanistan.  After serving as a Captain in the US Marines, Mr. Leonard was an oil analyst for Eastman Dillon, and a Senior Vice President of Donaldson, Lufkin & Jenrette Securities where he spent three decades in international management and institutional sales positions.  Mr. Leonard also served as TIR Securities/E*Trade’s Managing Director for Southeast Asia.